The Daily Briefing For October 18th: Futures Lower By -15 | Rebel Yell Morning Market Report
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Top Fox Business Network Booker Dies of COVID-19
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that s not going to have a material effect on us. arthel: meanwhile, president trump has targeted 1300 products coming in from china to tax. the taxes as you well know are not set to go into effect until may. will this escalate into a bonafide trade war or will negotiations ward it off? there will be negotiations. the real risk for the united states is not some sort of more friction. the real risk is that we declare victory, have a deal, and lead the under lying problems in china unsolved. we are going to have this problem going forward. i think that essentially i know markets don t like disruptions. and i can understand that. arthel: market didn t like the soft boiled mixed messages floating around either. the markets did recover on larry kudlow s comments yesterday to fox biz. and that is that is predict being. but the point is that there are structural problems in china. china is getting worse. we have got to do something. because we need a sustainable trading rich. we can
the left and mainstream media may be complaining about the taxes. and his proposed cuts. but what s their idea? i mean, every person would love to pay less tax. what is their idea? spend more government money and tax more? tax and spend? that s the old way of doing it. it didn t work. what s wrong with the new way. you cut taxes. especially for the middle class and you grow the economy. brian: i m curious to seat answer. because without deductions, how can you honestly say the rich are paying 5% in taxes? because the thing they did is eliminate a lot of the deductions and a lot of the loopholes. rich people pay a whole bunch of money in state taxes. state income taxes. they are no longer deductible. rich people take a hit. big one. steve: we will be watching you at 9:00 this morning over on fox biz. good. steve: 9 to noon. all the way through to noon. good show. ainsley: happy friday. thank you. ainsley: jacque has headlines for you. jackie: good morning, varney.